Rewize automates inventory management by integrating real-time data analytics with supplier communication protocols to optimize ordering processes. This technology minimizes the risks of overstock and understock, enhancing operational efficiency for businesses.
Funding
Funding not disclosed
Founders
Product
Problem
E-commerce brands often struggle with inefficient inventory management, leading to stockouts that result in lost sales and overstock that ties up capital. Manually combining data from multiple sources and using spreadsheets for forecasting is time-consuming and prone to errors.
Solution
Rewize is an AI-powered inventory management platform that automates demand forecasting, purchase order generation, and supplier communication. The platform integrates with e-commerce platforms like Shopify and Woocommerce to provide accurate, SKU-level demand forecasts based on over 100 data points. Rewize helps businesses optimize stock levels, reduce stockouts by up to 42%, minimize overstock, and streamline the reordering process. By centralizing supplier data and automating communications, Rewize eliminates manual tasks and ensures timely order fulfillment.
Target Audience
Rewize primarily targets e-commerce brands with annual revenue between €0-1M that are looking to optimize their inventory management processes and reduce stockouts and overstock.
Features
- AI-powered demand forecasting based on 100+ data points, including seasonality and new product trends
- Automated purchase order generation based on demand forecasts, supplier reliability scores, and minimum order quantities (MOQ)
- Centralized supplier communication platform with Slack integration
- Real-time inventory health overview per SKU and warehouse
- Multi-channel and multi-location inventory management
- Smart Quantities feature for efficient reorders aligned with business plans
- Integration with Shopify and Woocommerce
- Automatic translation of bundle sales to underlying SKUs
- Reorder alerts via email
- Purchase order lifecycle management
- Inventory value insights